Raymond James Financial Inc. Invests $7.47 Million in Power Integrations, Inc. (NASDAQ:POWI)

Raymond James Financial Inc. acquired a new stake in Power Integrations, Inc. (NASDAQ:POWI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 121,062 shares of the semiconductor company's stock, valued at approximately $7,470,000. Raymond James Financial Inc. owned 0.21% of Power Integrations at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. UMB Bank n.a. increased its position in Power Integrations by 43.9% during the fourth quarter. UMB Bank n.a. now owns 629 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 192 shares during the period. MML Investors Services LLC increased its holdings in Power Integrations by 3.4% in the 3rd quarter. MML Investors Services LLC now owns 6,231 shares of the semiconductor company's stock valued at $400,000 after buying an additional 207 shares during the period. Pacer Advisors Inc. increased its holdings in Power Integrations by 2.8% in the 4th quarter. Pacer Advisors Inc. now owns 8,480 shares of the semiconductor company's stock valued at $523,000 after buying an additional 230 shares during the period. Smartleaf Asset Management LLC increased its holdings in Power Integrations by 110.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 537 shares of the semiconductor company's stock valued at $33,000 after buying an additional 282 shares during the period. Finally, US Bancorp DE increased its holdings in Power Integrations by 3.3% in the 4th quarter. US Bancorp DE now owns 10,997 shares of the semiconductor company's stock valued at $679,000 after buying an additional 353 shares during the period.

Insider Transactions at Power Integrations

In other news, CFO Sandeep Nayyar sold 5,152 shares of the business's stock in a transaction that occurred on Tuesday, February 4th. The shares were sold at an average price of $60.75, for a total value of $312,984.00. Following the transaction, the chief financial officer now owns 110,394 shares in the company, valued at approximately $6,706,435.50. The trade was a 4.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Radu Barsan sold 10,393 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $66.08, for a total transaction of $686,769.44. Following the completion of the transaction, the vice president now owns 45,295 shares in the company, valued at $2,993,093.60. This trade represents a 18.66 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 52,105 shares of company stock worth $3,075,198. Company insiders own 1.40% of the company's stock.

Power Integrations Trading Down 0.4 %

NASDAQ:POWI traded down $0.21 during mid-day trading on Monday, hitting $50.47. 477,167 shares of the company's stock were exchanged, compared to its average volume of 454,868. The company has a 50 day simple moving average of $53.18 and a 200-day simple moving average of $59.38. Power Integrations, Inc. has a fifty-two week low of $40.78 and a fifty-two week high of $79.13. The firm has a market capitalization of $2.87 billion, a P/E ratio of 88.55, a PEG ratio of 4.08 and a beta of 1.32.

Power Integrations (NASDAQ:POWI - Get Free Report) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by ($0.12). Power Integrations had a return on equity of 4.48% and a net margin of 7.69%. As a group, analysts expect that Power Integrations, Inc. will post 0.93 earnings per share for the current year.

Power Integrations Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, February 28th were given a $0.21 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.66%. Power Integrations's dividend payout ratio (DPR) is currently 147.37%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on POWI shares. Benchmark reissued a "buy" rating and issued a $78.00 target price on shares of Power Integrations in a report on Friday, February 7th. Stifel Nicolaus reduced their price target on shares of Power Integrations from $90.00 to $70.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, StockNews.com downgraded shares of Power Integrations from a "buy" rating to a "hold" rating in a research note on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Power Integrations has an average rating of "Moderate Buy" and a consensus target price of $73.83.

Power Integrations Company Profile

Power Integrations, Inc designs, develops, manufactures, and markets analog and mixed-signal integrated circuits (ICs), and other electronic components and circuitry used in high-voltage power conversion worldwide. The company provides a range of alternating current to direct current power conversion products that address power supply ranging from less than one watt of output to approximately 500 watts of output for mobile-device chargers, consumer appliances, utility meters, LCD monitors, main and standby power supplies for desktop computers and TVs, LED lighting, and various other consumer and industrial applications, as well as power conversion in high-power applications comprising industrial motors, solar and wind-power systems, electric vehicles, and high-voltage DC transmission systems.